There certainly is a pattern of administrations that have good transitions, George W. Bush to Barack Obama, and administrations that have really bad transitions, I would say Dwight Eisenhower to John F. Kennedy. I would say this is beginning to look like a bad transition, from Barack Obama to Donald Trump as they begin to argue even at the presidential level, which is more or less unprecedented.

The corruption will come back to haunt the Trump administration. But mostly, it'll come back to haunt the American economy, as companies decide they can make money by rent-seeking, by getting money from government rather than earning it the old-fashioned way.

If I were Donald Trump, I would definitely not pick Mitt Romney because it's very easy for Mitt Romney to have have a separate foreign policy operatus in the State Department that would run a dissenting foreign policy from the White House foreign policy. There, I think the populist America-first foreign policy of Donald Trump does run against a potential rival.

It's hard to imagine a party that is not corrupted by hatred.

Barack Obama won such a big electoral mandate because a lot of people thought he was - transcended partisan and ideological barriers and was going to put aside the old debates. So, he was able to get a lot of moderates and a lot of independents.

I think the voters who voted for Donald Trump certainly are willing to tolerate a lot of ugliness, but maybe, if you're in desperate circumstances, or you think America is deeply in trouble, you're willing to tolerate that without necessarily liking it.

Trade has suddenly become massively unpopular. I think that's massively unjust. I think free trade has been wonderful for America on balance.